Nigeria is the third wealthiest country in Africa for 2019 — despite being home to billionaire Aliko Dangote

There are two Nigerians on the list of the Forbes top 5 African billionaires ruled by Aliko Dangote.

You would think this would make Nigeria the wealthiest country on the continent.
The new 2019 Wealth Report compiled by AfrAsia Bank says otherwise as Nigeria is ranked as Africa’s third wealthiest nation and Lagos state the fourth wealthiest city.

Nigeria is home to two of Africa’s richest people — Aliko Dangote with $10.3 billion and Mike Adenuga with $9.2 billion — as estimated by Forbes.

However, data from the September 2019 Wealth Report compiled by AfrAsia Bank shows that it is not the wealthiest nation on the continent.

The number one position goes to South Africa with a total wealth of $649 billion. This excludes government funds and includes private wealth (properties, cash, business interests and equities) held by all the people living in each country.

Egypt is in second place with $303 billion while Nigeria follows with $225 billion.

The report cited the following as reasons for Nigeria’s ranking:

Safety concerns and tensions
Outgoing migration of high-net-worth individuals (HNWIs)
Investors running away because of the clampdown on foreign companies like MTN
Decrease in oil prices
Loss of value in Naira compared to the US dollar

City Ranking

Nigeria ranks even lower in the statistics for the wealthiest cities in Africa. In the list ruled by Johannesburg, Capetown (both in South Africa), and Egypt's Cairo, Lagos, Nigeria is ranked the fourth.

Despite being the largest city in the continent in terms of population and Gross domestic products (GDP), Lagos only has a total wealth of $96 billion.

As of December 2018, Africa has a total wealth of $2.2 trillion, 42 per cent of which is belongs to HNWIs. This shows the alarming disparity between the rich and poor.

1. South Africa - $649 billion

2. Egypt - $303 billion

3. Nigeria - $225 billion

4. Morocco $114 billion

5. Kenya $93 billion

6. Angola $69 billion

7. Ghana $59 billion

8. Ethiopia $57 billion

9. Tanzania $57 billion

https://www.google.com/amp/s/www.pulse.ng/bi/finance/nigeria-home-to-aliko-dangote-is-the-third-wealthiest-country-in-africa-for-2019/9dbpvnn.amp

Richest and highest poor citizen

Fake list!

You mean our corrupt politicians Voluntarily disclose their wealth !

Divide into two and both wil occupy the first and last positions. U knw U know

Wow! I never knew I was from a rich country!

Thank you rankers! My depression is gone. See me see money.

KraticKratus:
Wow! I never knew I was from a rich country!

Thank you rankers! My depression is gone. See me see money.

YUSUF Buhari

Well done

So Nigerians enriched SA to this level

CampusGistNaija:
Nigeria has been ranked 3rd Richest Country in Africa, in the latest 2019 Wealth Ranking by AfriAsai Banks Limited, Igbere TV reports.

AfriAsai is the agency saddled with the responsibility of producing such rankings, based on their wealth on the African continent.

On the ranking, South Africa tops the list with 39,200 people said to be holding most of the country’s wealth at $649 billion.

Egypt came second with $303 billion and 16,700 people holding the country’s wealth.

Nigeria follows in the third position with $225 billion, and 9,900 wealthy individuals.

Below is the full ranking obtained by Igbere TV, as published on AfriAsai’s website;

1. South Africa - $649 billion

2. Egypt - $303 billion

3. Nigeria - $225 billion

4. Morocco $114 billion

5. Kenya $93 billion

6. Angola $69 billion

7. Ghana $59 billion

8. Ethiopia $57 billion

9. Tanzania $57 billion

http://igberetvnews.com/980219/breaking-nigeria-ranks-3rd-richest-country-in-africa-full-list/

Lalasticlala, Mynd44, OAM4J

please who are the 9900 wealthy individuals in Nigeria.

More like 33rd

9,900 wealthy individuals in a country of 200 million people That is like 0.0000000000000000001% wealthy

Lord have mercy

StillX10:
So Nigerians enriched SA to this level

Egypt, Nigeria and morocco combined, are still smaller than South Africa. So which country is the most powerful in africa?

Hmmmm, that Xenophobic country is number one.. it's alright then

........so Jeff Bezos is richer than Ethopia and Tanzania put together........

That's the sum total of legitimate wealth.

Stolen government funds which is the source of most wealthy politicians is not taken into reckoning.

Ok, just wondering SA topping the table. How come.

Poor continent


2 IT organisation in the us will buy africa

Ok. It is noted.

Only Lagos is richer than the fifth richest country in Africa.

if I hear, money abacha swallow self fit stand as third

Oga oo...
SA :$ 649B
9ja:$225B

225 × 3 =675

SA economy is three times bigger than ours...
Just 5 years ago under GEJ...we are the biggest economy in Africa...
Thanks to Buhari...ZoneB coming in 3:2:1

All our politicians money especially those senate and reps money fit buy double of SA.. Dont doubt that

maybachmusic:
Poor continent


2 IT organisation in the us will buy africa

The annual budget of GE is larger than Africa's budget.

So Lagos has almost half of Nigeria's wealth?

Thats too uneven.

What are other states doing?

At least other states have sea ports, airports, large population, area boys, governors, churches?

What is going on here?

Citizens of other states, challenge your governors.

ok... seen

This statistics translates to nothing in the end

Ironically, Nigeria is rich and poor at the same time. Abeg, let me come and be going. Nonsense